Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$338,107$338,107$382,500
Remaining term (yrs)25.225.230.0
Secondary amount$0$44,393$0
Funding fee$1,691$1,691$0
Note rate3.070%3.070%7.400%
Blended rate3.070%3.758%7.640%
1st payment$1,601.55$1,601.55$2,648.35
2nd payment$0.00$332.95$0.00
Taxes / mo$358.31$358.31$358.31
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$76.50
HOA / mo$12.50$12.50$12.50
Total monthly$2,122.36$2,455.31$3,245.67
Cash to close$86,893$42,500$42,500